Hathway Finance to cancel 180% right share in upcoming 22nd AGM; decision as a result of acquisition by Global IME Bank

Hathway Finance Company Limited (HATH) is going to conduct its 22nd Annual General Meeting on Chaitra 26, 2075. The AGM is going to be held at Hotel The Ratna Inn, Dharan, Sunsari at 11:00 AM.

Main Agenda of the meeting are:

• To discuss on the audited financial statements of the FY 2074/75.
• To endorse financial highlights of 2074/75 FY. And to appoint auditor for 2075/76 FY.
• As per Companies Act 2063 section 111, S.D and Associates is eligible for the appointment as a mandatory auditor in persuasion to the reference of Audit Committee.
• To discuss on the changes and appointment of company’s director.
• To cancel the issue of 1:1.80 right shares approved by the 21st AGM. 

For the purpose of the meeting the shareholders register book of the bank will remain closed on Chaitra 13, 2075 i.e the shareholders holding the shares of the bank till Chaitra 12, 2075 are eligible to participate in the AGM.

Since the finance company is in the process of being acquired by Global IME Bank Limited, the company will be canceling the previously approved right share.